How much funding has Neara raised?

Neara has raised AUD $180M in total funding. Their latest funding round was Series D. Key investors include TCV, EQT, Partners Group, Square Peg Capital, Skip Capital, Prosus Ventures.

Where is Neara headquartered?

Neara is headquartered in Sydney, Australia. The company has a team of 100-500 people.

Neara operates in the AI in Climate / Energy sector. A physics-enabled digital twin platform that creates high-fidelity 3D models of critical infrastructure to simulate real-world environments and manage grid resilience. Enables utilities to identify structural risks and vegetation threats in a virtual environment, reducing the need for manual inspections while accelerating renewable energy integration and disaster response.

When was Neara founded?

Neara was founded in 2016. It is based in Sydney, Australia.

Who is the CEO of Neara?

Daniel Danilatos is the CEO of Neara. The company was founded in 2016.

Where is Neara located?

Neara is headquartered in Sydney, Australia.

What funding stage is Neara at?

Neara is currently at the Established stage.

How many employees does Neara have?

Neara has approximately 100-500 employees.

Neara

Category: AI in Climate / Energy

A physics-enabled digital twin platform that creates high-fidelity 3D models of critical infrastructure to simulate real-world environments and manage grid resilience. Neara was founded in 2016. The company is led by Daniel Danilatos. Based in Sydney, Australia. Team size: 100-500. Total funding raised: AUD $180M. Latest round: Series D. Key investors include TCV, EQT, Partners Group, Square Peg Capital, Skip Capital, Prosus Ventures.

Founded: 2016
Headquarters: Sydney, Australia
Team size: 100-500
Total funding: AUD $180M

Value proposition

Enables utilities to identify structural risks and vegetation threats in a virtual environment, reducing the need for manual inspections while accelerating renewable energy integration and disaster response.

Products and solutions

Neara Designer: Engineering-grade 3D network modeling and design tool., Neara Analytics: Automated vegetation management and structural analysis at scale., Neara Operational: Real-time simulation for emergency response (wildfire, flood, and storm impact)., Grid Capacity & Renewables: Tools for identifying 'unlockable' capacity for solar and wind integration.

Unique value

Unlike standard mapping tools, Neara uses a 'physics-enabled' engine that understands how assets behave under stress (e.g., how power lines sag in extreme heat or swing in high winds).

Target customer

Electric utilities, transmission and distribution system operators (TSOs/DSOs), and telecommunications infrastructure providers.

Industries served

Energy & Utilities, Telecommunications, Government & Public Infrastructure, Renewable Energy

Technology advantage

Proprietary AI algorithms that automatically convert massive LiDAR and GIS datasets into functional 3D models, allowing for 'what-if' scenario testing across thousands of miles of network simultaneously.

How they differentiate

Neara differentiates through its 'physics-enabled' digital twin technology. While competitors often focus on satellite imagery (AiDash) or visual mapping, Neara simulates how assets behave under physical stress, such as line sag during extreme heat or structural integrity during high winds, providing engineering-grade predictive analytics.

Main competitors

AiDash, Sharper Shape, Bentley Systems (OpenUtilities), Overstory

Key partnerships

Southern California Edison (SCE), CenterPoint Energy, Ausgrid, Essential Energy, Osmose Utilities Services, Microsoft (Azure-based cloud deployment), ESRI (GIS integration)

Notable customers

Southern California Edison (SCE), CenterPoint Energy, Ausgrid, Essential Energy, Endeavour Energy, Scottish Power, SA Power Networks, ESB Networks, Hedno, Ausnet, Powercor

Major milestones

Reached unicorn valuation (~AUD $1.1B) following Series D in February 2026, Closed AUD $90M Series D led by TCV (Feb 2026); total funding ~AUD $180M, Named to the TIME100 Most Influential Companies list in 2024, Expanded into US and European markets with major utility contracts (SCE, CenterPoint, ESB, Scottish Power, Hedno), Rebranded from Power Lines Pro to Neara to reflect broader infrastructure capabilities

Growth metrics

Achieved unicorn status in February 2026 with a valuation of ~AUD $1.1B following Series D; recognized in the 2024 TIME100 Most Influential Companies; modelled 15M+ assets across 3M+ km of infrastructure.

Market positioning

Premium enterprise AI platform for Tier-1 utilities and infrastructure providers, positioned as a critical tool for climate resilience and energy transition.

Geographic focus

Global, with primary operations in Australia (HQ), North America (USA), and EMEA (UK and Europe).

Patents and IP

Proprietary physics-based modeling engine and automated LiDAR-to-vector processing algorithms (specific public patent filings are generally held under the parent entity 'Power Lines Pro').

About Daniel Danilatos

Daniel Danilatos is Founder & CEO of Neara. Former software engineer at Google on the Google Maps and Google Wave teams; later roles at Dropbox and Canva. Founded Helix Collective (engineering consultancy) before launching Neara (originally Power Lines Pro) in 2016 after work on power-line design workflows. Attended University of New South Wales (UNSW).

Latest news about Neara

Neara has reached a 1.1 billion dollar unicorn valuation following a 90 million dollar Series D raise led by TCV. The platform leverages AI to model 15 million infrastructure assets across 2 million m

More AI in Climate / Energy companies

Official website: https://neara.com